Bizcom USA Purchases 67 Specialized Mobile Radio Licenses And Equipment.Business Editors/High-Tech Writers FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--March 10, 2003 Bizcom U.S.A., Inc. ("Bizcom") today announced that it has completed the purchase of sixty-seven (67) 220 MHz (MegaHertZ) One million cycles per second. It is used to measure the transmission speed of electronic devices, including channels, buses and the computer's internal clock. A one-megahertz clock (1 MHz) means some number of bits (16, 32, 64, etc. Specialized Mobile Radio See SMR. ("SMR (Specialized Mobile Radio) The communications services used by police, ambulances, taxicabs, trucks and other delivery vehicles. Throughout the U.S., approximately 3,000 independent operators are licensed by the FCC to offer this service, which provides always-on ") Federal Communications Commission Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest. ("FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. ") licenses and related communications equipment for an aggregate purchase price of $14,600,000. The purchase price has been paid by the issuance of common stock for an aggregate of 5,168,000 shares of Bizcom's restricted common stock, valued at $2.50 per share. Prior to this purchase Bizcom had only non-exclusive access to these systems. "We are very pleased to have completed this transaction," said David George, COO of Bizcom USA. "As a leading provider of emergency and event management solutions and narrow-band voice and data 220 MHz radio equipment, we will now be able to begin the integration of our software and hardware products with our 220MHz radio frequency licenses. Our 220 MHz radios have been proven to work well for voice and data use but when they are combined with Incident Management tools and our clear open spectrum they become a power solution for customers concerned with security and safety. Public Safety, Emergency Management, Critical Infrastructure Industries, Utilities and Schools are just some of the groups looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. these types of solutions." Bizcom U.S.A. Inc. is a leader in the fields of Emergency and Event Management software. With headquarters in Fort Lauderdale, Florida Fort Lauderdale, known as the "Venice of America" due to its expansive and intricate canal system, is a city in Broward County, Florida, United States. The city's population is described as metropolitan, where diverse culture is commonplace. According to 2006 U.S. , Bizcom brings its innovative wireless communications and incident management software tools to help resolve issues of critical infrastructure security. In addition to its national footprint of spectrum, Bizcom also supplies efficient 220 MHz radio systems including mobile radios for voice and data transmission, portable radios, and base station radio repeaters for conventional and trunked operations for use within the private, commercial, public safety and utility sectors. For more information, visit http://www.bizcomusa.net Safe Harbor Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Except for historical information contained herein, the matters set forth in this news release are forward-looking statements. The forward looking statements set forth above involve risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed from time to time in the company's press releases, and public filings with the U.S. Securities and Exchange Commission. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion